US EditionWorld trade chief says global free trade is in a 'crisis' while on visit to Japan
- WTO Director-General Ngozi Okonjo-Iweala visited Japan on Tuesday to discuss challenges facing global free trade and to meet Japanese Prime Minister Shigeru Ishiba in Tokyo.
- This visit follows a global trade crisis caused in part by U.S. President Donald Trump doubling down on a trade war with higher tariffs to reduce imports and bring factories to the United States.
- Okonjo-Iweala and Ishiba agreed to enhance collaboration in order to uphold and strengthen the multilateral trading framework, with the goal of restoring the WTO’s ability to tackle current global trade challenges.
- She conveyed strong confidence in Japan’s role as a key supporter of open trade and called on the country to contribute to the preservation, enhancement, and reform of the WTO amid the ongoing U.S.-China tariff discussions.
- The leaders agreed WTO members should unite to use the crisis as an opportunity to advance trade reform and rebuild the organization’s ability to handle global trade difficulties.
31 Articles
31 Articles
WTO chief says global free trade is in crisis
Global free trade is in crisis, the head of the World Trade Organization chief said Tuesday while meeting Japanese Prime Minister Shigaru Ishiba on Tuesday. Ngozi Okonjo-Iweala, director-general of the World Trade Organization, told Ishiba that she has high expectations for Japan as a champion of open markets as U.S.…
Amid ‘turmoil,’ WTO director-general, in Japan, defends WTO, calls for reform
World Trade Organization Director-General Ngozi Okonjo-Iweala, alongside Japanese Prime Minister Shigeru Ishiba, defended the WTO as the “core” of the global trading system while also calling for key reforms, including those related to “level playing field concerns” and dispute settlement. Okonjo-Iweala was in Japan this week. According to a May 13 joint statement, she and Ishiba “shared the view that, in a time of uncertainty and disruption, th…
World Trade Organization chief says global free trade is in a 'crisis'
TOKYO — Global free trade is in crisis, the head of the World Trade Organization chief said Tuesday. Ngozi Okonjo-Iweala, director-general of the World Trade Organization, said this while meeting Japanese Prime Minister Shigaru Ishiba. Okonjo-Iweala told Ishiba that she has high expectations for Japan as a champion of open markets as US President Donald Trump disrupts world commerce with his fast-changing tariffs and other policies. “Trade is fa…
Associated Press News
World trade chief says global free trade is in a 'crisis' while on visit to Japan
The head of the global trade watchdog says global free trade is facing a “crisis” as U.S. President Donald Trump disrupts world commerce with his fast-changing tariffs and other policies.
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